• While my focus is on the financing side of a home purchase, it is interesting to note the challenges that prospective homebuyers are currently facing in the hot Kingston market. For the past few months, we have seen houses selling within a day, [...]

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    The government agency that regulates mortgages in Canada (The Office of the Superintendent of Financial Institutions) made several dramatic changes today that everyone should be aware of. If you're planning on moving or refinancing in the near [...]

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    Rate Increase

    Jul

    13

    Interest Rate Increase If you have not yet heard by now, the government increased the overnight rate yesterday by .25% to .75%. In turn, the banks have increased their prime lending rate by .25% to 2.95%.  This increase actually only affects [...]

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